Quantitative Finance MajorSome Thoughts

June 17

Christopher Ting

Lee Kong Chian School of Business

Christopher Ting 1

The most incomprehensible thing about the universe is that it is comprehensible.

http://www.atlasoftheuniverse.com/supercls.gif

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Christopher Ting

2

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Christopher Ting

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The most comprehensible thing about the financial world is that it is incomprehensible.

June 17http://www.telegraph.co.uk/finance/newsbysector/10134197/Basel-banks-and-the-next-financial-crisis.html

https://www.pehub.com/wp-content/uploads/2015/07/nyse-jan-2013-2.jpg

Christopher Ting

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Galileo GalileiPhilosophy is written in this grand book, which stands continually open before our eyes (I say the 'Universe'), but can not be understood without first learning to comprehend the language and know the characters as it is written. It is written in mathematical language, and its characters are triangles, circles and other geometric figures, without which it is impossible to humanly understand a word; without these one is wandering in a dark labyrinth.

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https://en.wikiquote.org/wiki/Galileo_Galilei

Christopher Ting 5

Economics

Finance

Quantitative

Finance

Number One FAQ

QF and Finance, what’s the

difference?

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Operation Management

Management

Actuarial Science

Financial Engineering

Mathematical Finance

Financial Mathematics

Computational FinanceChristopher Ting 6

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Quantitative

Finance

Data Science

• Statistics

• Big Data Analytics

• Numerical Methods

• MCMC

• Machine Learning, AI

• Python, R, Matlab, VBA, C++

Mathematics

• Calculus

• Probability

• Stochastic Calculus

• Differential Equations

• Linear Algebra (Matrix)

• Optimization

Financial Industry

• Investments

• Risk management

• Sales & Trading

• Pricing & Hedging

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Demystify

High GPA requirement

Difficult to score A in QF courses

QF too narrow

QF too difficult

QF too many compulsory subjects, not

flexibleJune 17 Christopher Ting 8

Quantitative Finance Subjects

QF 101: Quantitative

Finance

QF 102: Investment Statistics

Q 205: Computing Technology for Finance

QF 206: Quantitative

Trading Strategies

QF 207: Structured Products Sales &Trading

QF 305: Global Financial Risk Management

June 17 Christopher Ting

3 Core Subjects 3 Electives

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Flexibility: Other QF Electives

FNCE204 Analysis of Fixed Income Investment

FNCE305 Analysis of Derivative Securities

FNCE307 Portfolio Management

FNCE312 Behavioral Finance

STAT306 Applied Stochastic Models

STAT313 Quantitative Risk Analysis

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Applications of QF

Derivatives & Fixed Income PricingRisk-Neutral measure Q

Portfolio & risk management

Generate alpha with minimal risk exposures

Quantitative trading

Short-term money making opportunities

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Great Facilities!

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MAS Quantitative Finance Award

The Monetary Authority of Singapore (MAS) has targeted Quantitative

Finance as a field to develop a pipeline of specialist leaders.

MAS has set up the Award to encourage more LKCSB students (who hold pink IC) to major and excel in this exciting area.

Awarded to QF major finishing 2nd

year in QF.

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CFE Prize

To inspire and motivate students majoring in QF to achieve greater

heights of excellence

A best graduating QF student is

selected every year.

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Integrated Master Program

Three years to complete bachelor degree with QF major

Direct admission advantage

Waiver of GMAT and two referees, etc

If you plan your courses well in Year 1, it is possible that in four years, you obtain a bachelor degree and a master degree.

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Career, Career, and Career

Quantitative researcher/analyst/strategist

Quantitative risk analyst/manager

Quantitative developer

Quantitative associate (sales, trading,

consultancy, etc.)

Samples of Career Sites

Linkedin

Efinancialcareers

indeedJune 17

Recruit.net

Jobs.com.sg

Q.E.D.Christopher Ting 16

Why Quant?

THE wave of the FutureQF major prepares you for a career in the

financial industry, primarily in the management of risks, trading & hedging of financial products, as well as in the management of investment portfolios and trading opportunities.

By majoring in QF, your abilities to

understand financial models and to perform data analysis on a large scale will give you the cutting edge in the highly competitive global job market.

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Q&A

Thank You!

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